Since we have now started 3Q16 I would think a ramp-up in worldwide output would be bad for NZR
Have a look at the link I supplied and check the demand and supply charts (and maybe read the reminder of the summary). What they are talking about is a big ramp up of demand ... and this is good for NZR!
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"Prediction is very difficult, especially about the future" (Niels Bohr)
Managed to break today through the MA30 as well as the MA50 (and its a while since it last has been above the MA50). Very early days ... but who knows, maybe the tide is turning?
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"Prediction is very difficult, especially about the future" (Niels Bohr)
Obviously not such a spectacular year as the last one, but if everything holds: low oil price, increasing fuel demand and if the NZD doesn't set up into the stratosphere again, than this might well turn into another "well above average" years. Remember - no planned down times in the second half and all these vehicles THL owns as well as all these new AIR jets need to be fuelled
I reckon this report will help to lift the in my view oversold stock price. MA 100 and higher highs - here we come!
Obviously - anything is possible - i.e. DYOR!
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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